East Bay/Oakland office market reports
Q4 2021: The coronavirus pandemic continues to disrupt the office market. The delta variant has given way to the omicron variant which has further added to the complexities of return-to-office planning and future goals.
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As return-to-work scenarios solidify and optimism grows, transit-oriented regions like Oakland CBD are well-positioned to capture greater leasing activity and higher rents.
The East Bay/Oakland unemployment rate continues to decline from a high of 14.6 percent in April 2020 to 5.0 percent now.
Tour activity and tenant demand had only recently begun to grow until the omicron variant slowed demand yet again.
Oakland CBD contains 3.7M sf, or 69%, of the vacant square footage in the market.
The share of sublease-to-total vacant space of 13.6% has fallen sharpy from recent the peak of 17.9% set in 2020.
East Bay/Oakland Class A average asking rents decreased by only 2.2 percent from the peak in 2020 through 4Q 2021.
Investment totals for 2021 have eclipsed 2020 by 72.3%.
Your source for the latest East Bay/Oakland office market reports
Get in-depth office market reports and insights from commercial real estate experts in the Greater East Bay/Oakland area. Avison Young advisors look at East Bay/Oakland commercial real estate activities and the latest East Bay/Oakland statistics to provide you expert market research on East Bay/Oakland's office properties.
Explore different topics like the latest office market pricing trends and analysis of East Bay/Oakland's current office real estate market conditions. Gain a better understanding of East Bay/Oaklands office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in East Bay/Oakland's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in East Bay/Oakland.
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